Women entrepreneurs have been considered as the new engines for growth. People have pointed at them as an important ‘untapped source’ of economic growth and development (Minniti and Naudé, 2010). The World Economic Forum acknowledged women entrepreneurs as “the way forward” at their annual meeting in 2012 (WEF, 2012).Most of the women are now showing their preferences towards the entrepreneurship rather than going into the fields of professional or paid job. Now a day’s women are choosing both the traditional (pickle making, agarbathi making, candle making, etc.) as well as the nontraditional (beauty parlour, garment shop, computer training etc.) activities and are performing well enough (Gajendra&Himnish, 2014).